Bank of America Corp DE decreased its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,208 shares of the construction company's stock after selling 91,727 shares during the quarter. Bank of America Corp DE owned about 0.61% of Quanex Building Products worth $6,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in NX. Principal Financial Group Inc. increased its stake in shares of Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock valued at $47,424,000 after buying an additional 1,733,932 shares during the period. Pacer Advisors Inc. bought a new position in shares of Quanex Building Products during the fourth quarter valued at $25,380,000. Ameriprise Financial Inc. lifted its holdings in Quanex Building Products by 29.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock valued at $48,190,000 after acquiring an additional 449,646 shares during the period. Impax Asset Management Group plc bought a new position in Quanex Building Products in the fourth quarter valued at about $8,187,000. Finally, ExodusPoint Capital Management LP increased its position in Quanex Building Products by 301.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company's stock worth $3,418,000 after buying an additional 105,907 shares in the last quarter. Institutional investors own 97.48% of the company's stock.
Quanex Building Products Price Performance
Shares of NYSE:NX traded down $0.50 during trading on Friday, hitting $16.83. 138,326 shares of the company's stock were exchanged, compared to its average volume of 496,010. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $34.97. The business's 50-day simple moving average is $17.49 and its 200 day simple moving average is $21.76. The company has a market cap of $794.29 million, a price-to-earnings ratio of 15.02, a PEG ratio of 0.68 and a beta of 1.01.
About Quanex Building Products
(
Free Report)
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.
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